TAIHO KOGYO CO., LTD.
6470・Standard Market・Machinery
Automotive Parts Business
Taiho Kogyo's core segment, supplying bearings, die-cast products, gaskets, etc. globally
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue | ¥106,066 million | ¥100,152 million | ↑ |
| Operating Profit | ¥2,109 million | ¥300 million | ↑ |
| Segment Assets | ¥89,631 million | ¥97,867 million | ↓ |
| Depreciation | ¥6,642 million | ¥6,833 million | ↓ |
| Capital Expenditures (Increase in Tangible and Intangible Fixed Assets) | ¥4,556 million | ¥8,605 million | ↓ |
Business Details
This segment manufactures and sells products globally—primarily Bearing Products, System Products, Die-Cast Products, and Gasket Products—through consolidated subsidiaries in Japan, the United States, Europe, and Asia. Major customers are automobile manufacturers, led by Toyota Motor Corporation. This segment's revenue of ¥106,066 million accounts for approximately 88.8% of consolidated revenue of ¥119,378 million, making it the core business. Based on tribology technology, the segment is pursuing both the maintenance of profitability from existing internal combustion engine products and the expansion into products for electrification.
Recent Overview
Revenue up 5.9% and operating profit significantly improved, while an impairment loss of ¥9,168 million was recorded
In the current fiscal year (April 2025 to March 2026), the Automotive Parts Business achieved revenue of ¥106,066 million (up ¥5,914 million, or 5.9%, year on year) and operating profit of ¥2,109 million (a significant improvement from ¥300 million in the prior year). This was driven by expanded electrification-related sales of Die-Cast Products and increased production of System Products. On the other hand, an impairment loss on fixed assets related to this segment of ¥9,168 million (prior year: ¥1,462 million) was recorded, and asset reduction progressed. Capital expenditures were significantly curtailed to ¥4,556 million, down from ¥8,605 million in the prior year.
Key Products
Growth Drivers
- Expanded sales of electrification-related products in Die-Cast Products (up 12.6% year on year)
- Increased production of System Products, mainly vacuum pumps (up 9.8% year on year)
- Increased global production of Bearing Products for compressors across Japan, Europe, the Americas, and China (up 3.0% year on year)
- Increased production of Gasket Products amid recovery in the Japanese and North American markets (up 5.1% year on year)
- Reduction in depreciation expense due to progress in rationalization efforts and restrained investment
Risks
- Risk of declining demand for existing internal combustion engine-related products (bearings, gaskets, etc.) due to accelerating vehicle electrification
- Risk of additional impairment losses due to deterioration in future cash flows resulting from changes in customers' production plans (¥9,168 million recorded in the current period)
- Risk of additional provisions for product warranty and recall response costs due to defects in products of North American consolidated subsidiaries
- Risk of profit pressure from uncertainty in material supply and rising raw material prices
- Risk of decreased sales due to heightened geopolitical risk and weak demand in various national markets
Last updated: July 16, 2026